Man sentenced for Postbank cyber heist

2012-03-20 18:31

Johannesburg - A man involved in the Postbank cyber heist was sentenced to 15 years’ imprisonment by the Hoopstad Magistrate's Court in the Free State on Tuesday, the Hawks said.

"Teboho Donald Masoleng appeared before a magistrate in Hoopstad, and pleaded guilty to charges of fraud. He was sentenced to 15 years for his role in the heist," Colonel McIntosh Polela said in a statement.

Masoleng was part of a gang that hacked into the Postbank system and transferred R43m into various accounts between December 31 and January 1.

He was arrested in Welkom on February 12 and was charged with fraud.

"On arresting him, police confiscated a Mini Cooper, which he had bought using some of the loot stolen during the heist," said Polela.

  • Kolobe - 2012-03-20 19:03

    mini cooper? o rata bana

      Trent Hodges - 2012-03-20 19:10

      With R43 million I'd buy more than a mini!

  • Desmond Makobo - 2012-03-20 19:25

    Indeed crime does not pay and the arm of the law is very very very long!

  • Edward S Qiki - 2012-03-20 20:02

    Well I think it is an inside job, were is the manager who orchestrated the whole thing

  • defza - 2012-04-30 15:25

    Corrupt government officials steal more than this every month... where's their sentences?

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